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To: Jacob Snyder who wrote (7983)	4/20/2001 3:49:51 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 10934

bought NTAP puts (YYEMD @ 5.6) eom

To: Jacob Snyder who wrote (7983)	4/20/2001 3:51:12 PM
From: SecularBull	Read Replies (2) \| Respond to of 10934

Jacob, your post is well-reasoned, but I am not sure that falling back and filling for a while is necessarily in the cards. I do see a retracement to ~$17 being possible, but this stock could also continue to accelerate upwards far beyond the recent trading range. This is especially true given the Fed environment. Shorts were fighting the Fed during the cut before the most recent, a mistake by historical standards. With the most recent cut, they got their greedy little selves unsuspectingly smacked around and burned. We've had enough rotation, and margin debt has dropped significantly to the point that most who own here are likely to hold for the LT (with some trading by traders). I would still be inclined to avoid optical and other telecom equipment makers for a while. The telecom picture is scary!! JMHO, ~SB~